1 oz Valcambi Armillary Gold Coin

History

History of Armillary

The Greek astronomer Hipparchus (ca. 190 – ca. 120 BCE) credited Eratosthenes (276 – 194 BCE) as the inventor of the armillary sphere. An armillary sphere is a model of the celestial globe constructed from rings and hoops representing the equator and other meridians, and able to revolve on its axis. The name of this device derives from the Latin armilla (circle, bracelet).

Valcambi is a Swiss-based precious metals refiner that was established in 1961 and is world renowned  as  one  of  the  largest  producers and suppliers  of  cast  and  minted  bullion  bars. Valcambi’s bullion bars are hailed throughout the world for their outstanding quality and are a hallmark of Swiss craftsmanship, making them sought after by precious  metal connoisseurs. The company manufactures its products in Balerna, Switzerland, where it operates one of the world’s largest precious metal facilities capable of refining an impressive 2,000 metric tonnes of precious metals per year. To put this number into perspective, the annual gold mine supply in 2013 reached 3,000 tonnes. The total value annually processed in this plant is impressive to say  the  least,  and  the  fact  that  Newmont  Mining,  one  of  the  world’s  biggest gold  mining companies, holds a majority stake in the company is an indication of Valcambi’s importance as  one  of  the  world’s  topmost precious  metal  foundries.  Accredited  by  all  major  precious metal  exchanges,  Switzerland’s  central  bank  and  the  LBMA  (London Bullion  Market Association), Valcambi’s gold and silver bullion bars are recognised worldwide, with clients ranging  from  retail  investors  to some  of  the  largest  international  financial  institutions, governments and central banks.

Valcambi a member of the London Bullion Market Association 

The  LBMA,  or  London  Bullion  Market  Association,  was  established  as  an  independent oversight body by Britain’s Central Bank in 1987. The roots of the LBMA can be traced back several centuries to the 1700s when London started to emerge as the world’s leading trading hub for precious  metals. Referred to as the “London Gold Market”, it was self-regulated by the London’s foremost bullion traders and fabricators who oversaw the market by accrediting precious  metal refiners to the  London Good  Delivery  List. Only those refiners that  met the quality and  purity  criteria  set  down  by  the  “LGD”  list  were  allowed  to  enter  the  London bullion market. Today, more than 135 companies, which include some of the largest precious metal  refiners,  storage  providers,  manufacturers  and  bullion  traders,  are  members  of the London  Bullion  Market  Association.  They  all  form  part  of  the  LBMA,  the  world’s  most respected and trusted international authority that monitors the production and refining process of gold and silver bullion. LBMA’s primary role is to manage the Good Delivery List which is today the international standard for the quality and assaying of gold and silver bars.